Okeanis Eco Tankers Corp.Proposed 20% fee on Hormuz transit increases shipping costs and risks, benefiting tanker owners like Okeanis through higher freight rates.
President Trump declared the U.S. would act as the 'Guardian of the Hormuz Strait' and charge a 20% fee on all transiting cargo to cover security costs, prompting the International Maritime Organization to state there is no legal basis for mandatory tolls to transit a strait. The announcement follows escalating clashes in which Iran has targeted commercial vessels and vowed to impose its own fees for passage, while the U.S. has conducted airstrikes against Iranian installations. The IMO, the U.N. body overseeing global shipping safety, clarified that freedom of navigation is guaranteed under customary international law, which the U.S. has historically recognized. The proposed fee marks a shift toward transactional foreign policy, raising concerns that allies may seek alternative security arrangements and that other powers could assert similar claims in contested waterways.
Okeanis Eco Tankers Corp.Proposed 20% fee on Hormuz transit increases shipping costs and risks, benefiting tanker owners like Okeanis through higher freight rates.
Genco Shipping & Trading LtdDisruption and potential tolls in Hormuz Strait boost demand for dry bulk shipping as alternative routes or stockpiling increase, benefiting Genco.
Himalaya Shipping Ltd.Himalaya Shipping, a dry bulk carrier, benefits from potential supply chain disruptions and increased ton-mile demand from Hormuz instability.
Navios Maritime Partners LP UnitNavios operates a large fleet of tankers and dry bulk vessels; increased tanker demand from Hormuz disruption is positive.
C3is Inc.C3is Inc., operating dry bulk vessels, may face higher transit costs and route disruptions if the Hormuz fee is implemented.
Costamare Bulkers Holdings LimitedCostamare Bulkers' dry bulk shipping through Hormuz could be impacted by the proposed fee and heightened geopolitical tensions.
Pangaea LogisticPangaea Logistic is a shipping company; the fee could increase costs or disrupt routes, but impact is unclear.
Costamare Inc
Castor Maritime Inc
Danaos Corporation
Diana Shipping Inc.
EuroDry Ltd
Euroseas Ltd
FLEX LNG Ltd
Globus Maritime Ltd
Global Ship Lease Inc
Matson Inc
Performance Shipping Inc
Pyxis Tankers Inc
Safe Bulkers Inc
Star Bulk Carriers Corp
Hafnia LimitedHafnia, as a product tanker operator, stands to gain from higher freight rates due to increased risk and potential rerouting in the Strait of Hormuz.
Imperial Petroleum IncImperial Petroleum, as a tanker operator, gains from higher shipping rates and increased demand for its vessels due to Hormuz transit fee and tensions.
International Seaways IncProposed 20% fee on Hormuz transit could increase shipping costs and demand for tankers, benefiting International Seaways as a tanker owner.
Dorian LPG LtdDorian LPG transports LPG via large carriers; Hormuz disruption could boost rates for LPG shipping through alternative routes.
BW LPG LimitedBW LPG, as a major LPG shipper through Hormuz, faces higher transit costs and potential disruption from the proposed 20% fee and Iran tensions.
Frontline LtdFrontline Ltd. is a tanker company; the fee could increase shipping rates and demand for alternative routes, benefiting tanker owners.
Nordic American Tankers LimitedNordic American Tankers Ltd. is a tanker company; similar to Frontline, the fee may boost tanker rates and demand.
CBL International Limited Ordinary SharesProposed fee on Hormuz transit increases geopolitical risk and shipping costs, negatively impacting CBL International's bunkering operations in the region.
CMB.TECH NVCmb.Tech NV is a shipping technology firm; the fee may affect shipping demand or costs, but impact is uncertain.
Ardmore Shpng
DHT Holdings Inc
StealthGas Inc
KNOT Offshore Partners LP
Navigator Holdings Ltd
Capital Clean Energy Carriers Corp.Capital Clean Energy Carriers' LNG and LPG vessels transiting Hormuz face increased costs and operational risks from the proposed fee and regional instability.
Kirby CorporationKirby operates in inland and coastal barge transport, not directly affected by Hormuz transit fees; impact unclear.